Global Surfaces Ltd. IPO

Company is engaged in the business of processing natural stones and manufacturing engineered quartz. Their products have application in the flooring, wall cladding, countertops, cut-to size and other items. The products are used in both commercial and residential industry and are sold within and outside India.

RHP
View
DRHP
View
Open Date

2023-03-13

Close Date

2023-03-15

Global Surfaces Ltd. IPO Details

Check out the issue details for Global Surfaces Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 140

Price Band

₹ 133 - 140

Issue Size

154.98 Cr.

Issue Type

Book Built

Open

2023-03-13

Close

2023-03-15

Listingprice

₹ 164

ListingGain

17.14%

Listing Date

2023-03-23

CMP

₹ 170.54

Current Return

21.81%

Global Surfaces Ltd. News

Global Surfaces informs about scrutinizer’s report and voting results6 Dec, 11:14AM Global Surfaces informs about credit rating23 Nov, 2:57PM Global Surfaces - Quaterly Results15 Nov, 11:42AM Global Surfaces - Quaterly Results15 Nov, 11:42AM Global Surfaces - Quaterly Results15 Nov, 11:42AM Global Surfaces’ arm launches new product ‘Quartzites series’20 Sep, 9:49AM Global Surfaces - Quaterly Results14 Aug, 12:25PM Global Surfaces - Quaterly Results14 Aug, 12:25PM Global Surfaces informs about press release11 Jul, 2:11PM Global Surfaces’ arm enters into License Agreement with SQIP, LLC and Veegoo Technology 11 Jul, 9:41AM Global Surfaces informs about press release26 Jun, 3:29PM Global Surfaces informs about notice of postal ballot 25 Jun, 2:09PM Global Surfaces informs about newspaper advertisement31 May, 5:12PM Global Surfaces - Quaterly Results29 May, 4:55PM Global Surfaces informs about compliance report25 May, 12:02PM Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces - Quaterly Results10 Feb, 6:25PM Global Surfaces’ arm commences commercial production of Quartz at Jebel Ali Free Zone in Dubai9 Feb, 4:00PM Global Surfaces informs about compliances-certificate9 Oct, 5:14PM

Company Financials

You can get the following financial statements of Global Surfaces Ltd. as of now.

Company Name

Global Surfaces Ltd.

Exchange

NSE: GSLSU BSE: 543829

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Global Surfaces Ltd IPO is as:

  • The issue size of the IPO is 154.98 Cr.
  • The price band for Global Surfaces Ltd. IPO is Rs 133 to Rs 140.
  • The shares of Global Surfaces Ltd. IPO will list on 23rd March 2023.
  • The latest tentative GMP of Global Surfaces Ltd. IPO is Rs 15.
  • The shares of Global Surfaces Ltd. IPO is subscribed 12.21 Times as of 15th March 2023.

 

Global Surfaces Ltd IPO Valuation

The approx valuation of Global Surfaces Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 140
Existing Shares (Qty) 3.38 Cr
Fresh Issue (Qty) 0.85 Cr
EPS (FY22) Rs 10.52
PE Ratio 13.30x

 

Global Surfaces Ltd IPO Issue Size

Global Surfaces Ltd IPO issue size is 154.98 Cr.

Issue Amount
Fresh Issue 0.85 Cr Shares
Offer For Sale 0.25 Cr Shares

 

Divgi Torqtransfer Systems Ltd. IPO Market Lot

An Individual can apply for a minimum 1 lot of 100  shares and a maximum of 14 lots of 1400 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 100 Rs 14,000
 Maximum 14 1400 Rs 1,96,000

 

Global Surfaces Ltd IPO share offer

The shares of Global Surfaces Ltd. IPO is subscribed 12.21 Times as of 15th March 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 8.95 Times
Non-Institutional Minimum 15% 33.10 Times
Retail Individual Minimum 35% 5.12 Times
Total   12.21 Times

 

Global Surfaces Ltd IPO Grey Market Premium

As on GMP (Tentative)
14 March 2023 Rs 30
15 March 2023 Rs 20
16 March 2023 Rs 20
17 March 2023 Rs 10
18 March 2023 Rs 15
20 March 2023 Rs 15

Global Surfaces Ltd IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Global Surfaces Ltd IPO:

Schedule Date
Basis of Allotment 20 March 2022
Refunds 21 March 2022
Credit to Demat Account 22 March 2022
IPO Listing Date 23 March 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 162.66 174.89 189.37 177.03 162.14
Total Expenditure 122.71 128.02 148.36 142.56 140.66
Operating Profit 39.95 46.87 41.01 34.47 21.48
Other Income 3.12 3.82 8.57 4.43 14.95
Interest 5.2 3.41 2.95 3.5 3.54
Depreciation 16.86 13.01 10.78 9.36 7.1
Exceptional Items 0 0 0 0 0
Profit Before Tax 21.01 34.27 35.86 26.04 25.78
Provision for Tax -1.74 0.54 0.4 0.96 4.72
Net Profit 22.75 33.73 35.46 25.07 21.06
Adjusted EPS (Rs.) 0.67 1 1.05 0.59 0.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 6.45 6.45 33.86 42.38 42.38
Total Reserves 58.51 91.78 99.78 217.94 289.08
Borrowings 13.76 6.46 10.79 6.64 4.15
Other N/C liabilities -2.18 -10.88 -16.98 -20.58 -20.52
Current liabilities 49.82 52.45 48.78 56.78 62.52
Total Liabilities 126.37 146.26 176.23 303.16 377.62
Assets
Net Block 59.84 53.46 47.86 47.28 43.3
Capital WIP 0 1.29 5.58 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0.07 1.52 20.2 21.08
Loans & Advances 5.5 4.06 5.09 15.68 179.72
Other N/C Assets 0 0.04 0 0 0
Current Assets 61.03 87.34 116.18 219.99 133.53
Total Assets 126.37 146.26 176.23 303.16 377.62
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 4.92 3.28 3.88 4.65 5.41
Profit Before Tax 7.59 6.39 4.7 7.86 4.43
Tax 1.89 1.02 0.42 1.49 1.03
Profit After Tax 5.7 5.37 4.29 6.37 3.4
Adjusted EPS (Rs) 1.34 1.27 1.01 1.5 0.8

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 73.25 0
Jun 2024 73.36 0
Mar 2024 73.36 0
Dec 2023 73.36 0
Sep 2023 73.36 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 21.01 34.27 35.86 26.04 25.78
Adjustment 23.9 15.33 11.17 9.79 3.19
Changes in Assets & Liabilities 10.12 -14.15 -11.32 -3.05 -20.13
Tax Paid -3.13 -4.13 -8.16 -7.41 -5.37
Operating Cash Flow 51.89 31.32 27.55 25.37 3.48
Investing Cash Flow -10 -7.96 -28.3 -124.44 -53.28
Financing Cash Flow -44.41 -19.31 -3.45 104.6 44.06
Net Cash Flow -2.52 4.05 -4.2 5.52 -5.75
X